Two recent pieces of federal legislation, which were signed into law in late December 2024, simplify Affordable Care Act (ACA) tax reporting beginning with the 2024 tax year. Under the Paperwork Burden Reduction Act, plan sponsors and employers are no[…]
If your cooperative has subgroups participating in the NRECA Medical Plan, you must submit the dollar amount of premiums paid by participants during the previous calendar year using the Employee-Paid Premiums event on the NRECA Employee Benefits website by the[…]
2025 summary plan description (SPD) and summary of material modification (SMM) documents for the NRECA Group Benefits Program must be distributed to current plan participants and beneficiaries no later than March 1, 2025. Also give copies to employees you hire[…]
The deadline to submit your cooperative’s 2024 compliance questionnaire and W-2 data is February 14, 2025. Your information is used to perform nondiscrimination testing for the 401(k) Pension Plan and the Retirement Security Plan, as required by the Internal Revenue[…]
As a reminder to cooperatives in the NRECA Medical Plan, the cost share waiver of Teladoc Health® consultation fees for high-deductible health plans (HDHPs) expired December 31, 2024. This temporary waiver was a result of the Consolidated Appropriations Act of[…]